Mexico’s Citibanamex moves closer to inking sale, executive says

MEXICO CITY (Reuters) – Citibanamex, Citigroup’s Mexican consumer banking arm, started sharing information with potential bidders, one of the first steps in a process to find a new owner, Chief Executive Manuel Romo said on Friday.

Romo added during a call to discuss the company’s first-quarter results that many bidders have expressed interest since the unit was put up for sale months ago.

(Reporting by Valentine Hilaire)